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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 134,989 $ 115,492
Short-term investments 3,291 2,930
Mortgage loans held for sale, at fair value 7,445 8,987
Available for sale debt securities, fair value 1,054,747 993,928
Federal Home Loan Bank stock, at cost 42,501 43,463
Loans:    
Total loans [1] 5,227,969 5,110,139
Less: allowance for credit losses on loans 38,780 38,027
Net loans 5,189,189 5,072,112
Premises and equipment, net 31,719 31,550
Operating lease right-of-use assets 26,170 27,156
Investment in bank-owned life insurance 101,782 102,182
Goodwill 63,909 63,909
Identifiable intangible assets, net 4,342 4,554
Other assets 199,098 193,788
Total assets 6,859,182 6,660,051
Liabilities:    
Noninterest-bearing deposits 829,763 858,953
Interest-bearing deposits 4,438,751 4,160,009
Total deposits 5,268,514 5,018,962
Federal Home Loan Bank advances 925,000 980,000
Junior subordinated debentures 22,681 22,681
Operating lease liabilities 28,622 29,558
Other liabilities 149,382 155,181
Total liabilities 6,394,199 6,206,382
Commitments and contingencies (Note 16)
Shareholders' Equity:    
Common stock 1,085 1,085
Paid-in capital 127,734 127,056
Retained earnings 495,231 492,043
Accumulated other comprehensive income (loss) (141,760) (157,800)
Treasury stock, at cost (17,307) (8,715)
Total shareholders' equity 464,983 453,669
Total liabilities and shareholders’ equity $ 6,859,182 $ 6,660,051
[1] Includes net unamortized loan origination costs of $11.9 million and $11.6 million, respectively, at March 31, 2023 and December 31, 2022 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $310 thousand and $318 thousand, respectively, at March 31, 2023 and December 31, 2022.